Start learning 50% faster. Sign in now
Statement b is false, because the SMC and MVC curves actually coincide. MVC shows the change in a firm's total variable cost if its output changes by one unit, while SMC shows the change in its short-run total cost if its output changes by one unit. Now, in the short-run, if a firm changes its output by one unit, it can change the quantity of the variable inputs it uses but not the quantity of the fixed inputs, so the change in its total cost equals the change in the cost of its variable inputs.
India's leading innovation and start-up catalyst T-Hub inaugurated the world's largest innovation campus in ______ with an aim to support over 2,000 sta...
Where was the 4th edition of the ASEAN India Grassroots Innovation Forum (AIGIF) launched, and what is its primary objective?
The Indian Renewable Energy Development Agency (IREDA) plans to raise ₹4,500 crore through which route?
What does the Ministry of Tourism aim to achieve by participating in the Arabian Travel Mart 2024 in Dubai?
Tropical Storm Megi was a weak but deadly tropical cyclone that impacted ____________ in April 2022.
On which date World Thrift Day is observed annually?
Which country has been selected as the first country under the IMO Green Voyage 2050 project to conduct a pilot project related to Green Shipping?
Which country becomes the first to adopt UPI outside India?
The government has raised the threshold limit of PF withdrawal for deduction of tax from 30,000 to ?
Which bank has been appointed by Reserve Bank of India as an authorized pension disbursement bank on behalf of the Central Pension Accounting Office (...